Kyodo News in Tokyo reports that Nikon has posted record profits this year â€“ all-time highs â€“ driven by brisk sales of its digital cameras, with its digital SLRs leading the charge.
The report said Nikon recorded a net profit of 75.48 billion yen (about $727 million), up 37.7 percent over the previous year, on a 16.2 percent increase in sales to 955.79 billion yen.
Nikon attributed the record-breaking performance to the continued growth of the market for digital cameras. In particular, the company captured the biggest share of the domestic market for single-lens reflex (SLR) digital cameras.
The Japanese camera maker plans to pay a full-year dividend of 25 yen per share for fiscal 2007, up from the previous year’s 18 yen and including 11.5 yen for the fiscal first half.